Treasury practices
Treasury Management is defined as:
“The management of the local authority’s investments and cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities and the pursuit of optimum performance consistent with those risks."
External debt: We currently have external debt of £63m attributable to our housing stock, which is approximately 4,220 properties.
Investment portfolio: At 31 March 2019 totaled £64.4m and averaged £67.3m over the year. Managing the portfolio involves around 100 money market transactions during the year, all of which are managed in-house.
Capital projects: We spent approximately £19.8m on capital projects during the 2018/19 financial year.
Capital spending: Approximately £9.9m has been allocated for Capital spending during 2019/20.
The Council has adopted the CIPFA code of practice for Treasury Management. We seek to identify, manage and control risk as a prime priority. Optimising returns is seen as secondary, but still important.
